Good MorningThe S&P 500 moved down to set a new low last week confirming a near-term downtrend within a larger long-term market reversal. The move was driven by the rising fear of inflation, the FOMC, and earnings power for S&P 500 companies in the face of slowing economic activity. The data is still iffy on the recession front but much of it speaks of peaking within the US economy and peaking could lead to contraction if the Fed acts too hastily.
The biggest risk for the market is inflation. The PCE index not only showed acceleration from the previous month, which was expected, but it came in hotter than expectations and point to another aggressive move by the FOMC. As it is, the market is pricing in a solid chance for another 75 basis point rate hike in early November and a near certainty rates will rise another 150 basis points by the end of the year. Featured: MindWalk Holdings Pushes AI Into Pharma Research (Ad) 
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Consumer Staples | | Amid the volatility in commodity prices since Russia’s invasion of Ukraine in February, established large cap Archer-Daniels-Midland (NYSE: ADM) and new company Forafric Global (NASDAQ: AFRI) appear set to capitalize on continued uncertainty.
Some analysts warning of winter food shortages in... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
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Industrials | | Global agricultural equipment maker Deere & Company (NYSE: DE) stock is weathering the bear market sell-off relatively well with shares down only (-4.7%) on the year compared to (-25%) for the S&P 500 index (NYSEARCA: SPY). While Deere also makes heavy machinery like Caterpillar (NYSE: CAT) ... Read the Full Story |
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Consumer Discretionary | | Worldwide vehicle parts manufacturer Magna International (NYSE: MGA) is not a household name yet is the largest automotive supplier in North America and fourth largest in the world. The Company is contracted with over 50 global customers including the largest automotive brands in the world like Ford... Read the Full Story |
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From Our Partners | | Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal.
Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. | | See Jeff Brown's full analysis on Musk's new AI project |
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Markets | |
It’s conventional knowledge that stocks and bonds tend to move inversely or have a negative correlation most of the time. When interest rates rise, stocks fall, bond yields rise, and bond prices fall. Interest rates haven’t been much of a factor for over a decade until inflation reared... Read the Full Story |
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Industrials | | Clean-tech battery maker Freyr (NYSE: FREY) is proving to be a success story on several levels. The stock appears poised for more gains as the company ramps up to better serve the electric vehicle market.
The Norwegian company designs and manufactures lithium-ion batteries for various applications ... Read the Full Story |
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From Our Partners | | When Moonshot AI's new model rattled overnight markets, stocks gapped down 1 percent before the open, and history shows the story doesn't end there.
Between 9 30 and 9 50 AM, Wall Street settles nearly 25 percent of the day's total volume in a single 20 minute window, often revealing market direction for the rest of the morning.
A former money manager breaks down the floor data behind this pattern, including a June 25th session where inflation surged past 4 percent and the market moved just 0.3 percent afterward. | | Watch the full video breakdown before access is taken down |
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Technology | | Shares of Micron Technology (NASDAQ: MU) are down nearly 50% from their post-pandemic highs, driven by the same malaise as other parts of the market, and now presenting a very memorable time to buy. At these levels, near $50, the stock is valued at a mere 6X its earnings and this is a blue chip tech... Read the Full Story |
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Consumer Discretionary | |
The used car dealership CarMax (NYSE:KMX) disappointed investors with a lemon of an earnings report. The company showed softer revenue than expected. But the headline number was the company’s profit decline. The company reported earnings per share (EPS) of 79 cents, nearly 50% below the aver... Read the Full Story |
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Consumer Discretionary | | With the market continuing to hit the skids, despite Wednesday’s bounce higher, dividend-paying stocks like Keurig Dr Pepper (NASDAQ: KDP) may look more and more attractive.
But can it bubble to the top of investors’ watch lists, especially when compared to bigger rivals Coca-Cola (NYS... Read the Full Story |
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Industrials | |
Labor market stocks like Paychex (NASDAQ: PAYX), Automatic Data Processing (NASDAQ: ADP), and even Cintas (NASDAQ: CTAS) have been sustaining growth and outperforming expectations in the face of sketchy economic conditions, and that trend is not ending. The latest reports from Cintas and Paychex s... Read the Full Story |
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Consumer Discretionary | |
Lightning has struck so many times for Thor Industries (NYSE: THO) it’s hard to count how many but it has happened once again. The company is still riding a wave of demand sparked by the pandemic and outperforming in all metrics. The only bad news is the evidence of peak RV sales is overwhel... Read the Full Story |
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Monday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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